Post
Topic
Board Speculation
Re: Bitpay just processed its first 1,000,000 USD order, Dump incoming?
by
tampazeus
on 30/10/2013, 22:04:23 UTC
No. This is faulty logic. It assumes that its just as easy to go from $150 to $2500 as it is to go from $15 to $266. This is just not true. The amount of cash into the markets to make this happen is an exponential amount.

It holds if the volume of trades in both periods ($150 to $2500  and  $15 to $266) is the same, but it doesnt need to be the case